Australian Open 2023 Betting Odds & Tips
The Australian Open is the first Grand Slam tennis tournament of the season, with the leading male and female players in the world descending on Melbourne every January to compete in this prestigious event.
Lots of tennis punters flock to the best tennis betting sites to add some extra drama and excitement to the action by placing a wager. At Gambling.com, we’re keen to share our expert insights when it comes to Australian Open betting odds and tips. Read on for a deep dive into all things Australian Open betting and check out our top-rated sites for Australian Open bets while you're here.
Recommended Australian Open Sites
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Established 1997Check the Unibet Vault to see all your Daily Racing Rewards in one place
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Established 2001
World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers - 3
Established 2006
Betfair SP Beat The Best Tote By 11.9% Last Spring
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Established 2001
Place Your Bets
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Established 2000
Bet with one of Australia's leading bookmakers
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Established 2007
Australia's Best Fixed Odds Bookies
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Australian Open Betting Tips
How to Bet on Australian Open Tennis
There are a number of ways in which you can bet on the Australian Open. The tournament spans a fortnight and there are five separate competitions running concurrently - men's singles, women's singles, men's doubles, women's doubles and mixed doubles. Because of this variety, there are lots of different ways to bet on the Australian Open. We’ve outlined some of our favourites below.
Outright Betting
Many customers want to bet on Australian Open outright markets and that includes wagering on the winner of the men’s singles and women’s singles events. This type of bet can provide interest over the Australian Open fortnight and there’s usually the chance to bet each-way with the leading tennis betting sites. There might also be the chance to bet on the two finalists along with a player to win a certain quarter of his or her draw.
Pre-Match Betting
Top tennis betting bookmakers will offer a wide range of pre-match betting markets for every Australian Open game. Naturally, you can bet on a player to beat their opponent, although there are lots of alternatives such as Total Games 2-Way, Tennis Set Betting and First Set Score. Some customers like to combine Match Result and Total Games selections to leverage a bigger price.
Tennis Bet Builder
Many Australian Open sportsbooks now allow you to place a Bet Builder or Same-Game Multi on an individual match you are interested in betting on. This is fantastic for those who want the bigger prices that come with tennis multi bets, without having to keep track of multiple matches. Simply select and combine markets and load up a bet slip until you’re happy with the selections and the overall price.
Tennis Multi Bets
In the first few rounds of Australian Open men’s singles and women’s singles competitions there are a lot of matches taking place. This provides an ideal opportunity to place standard tennis multi bets, especially if you want to combine a number of favourites. The Australian Open tennis coupon is bulging with match odds in the first week and you can try to generate a big return from a small stake by placing a tennis multi.
Australian Open Winner Betting Odds
Many tennis betting customers like to predict which players will win the men’s singles and women’s singles events. So we are on hand to showcase the latest Australian Open betting odds, with each-way betting generally available until the latter stages of the tournament.
Australian Open Betting Tips
While you are never guaranteed to win when it comes to betting on the Australian Open, there are a number of tennis betting tips that are worth taking on board when you're visiting the best Australian betting sites. These Australian Open betting tips will hopefully give you a better chance of landing an overall profit on the tournament, while customers should always remember to gamble responsibly.
Don’t Bet Blindly on the Favourites
When you load up a match betting coupon, there will be a player trading as favourite to win each game. Some bettors will decide to combine lots of favourites into their betting slip for an Australian Open multi bet on the first round matches. However, these multi bets rarely win as there are often upsets in the early stages of the tournament. This is especially true for the Australian Open - considering we’re near the start of the season and it’s hard to judge the form of each respective player.
Make Sure You’re Getting Betting Value Every Time
It’s important to always be focused on tennis betting odds as well as your own opinion. If an Australian Open betting site is offering 1/1 (evens) on a player winning their match, it implies there is a 50% chance of them triumphing. If you feel as though they’re the likely winner, this would be perceived betting value and you might go ahead and back them to win. It might be that you back a player at 3/1 who narrowly loses but you’ve still found value in your selection. If you know your tennis and keep looking for the edge when it comes to Australian Open odds, you'll increase your chances of winning.
Consider Your Australian Open Betting Bankroll
Each Australian Open lasts two weeks. That means there are 14 days largely packed with tennis betting opportunities. How much are you going to gamble on this tennis tournament overall? While we’re always keen to back winners, you must consider what you are willing to lose as well and stick to your budget. Also plan whether you’re going to be betting on individual matches, placing tennis multis or focusing more on outright bets.
Don’t Get Greedy With Your Tennis Multis
A tennis multi can be tremendous fun. There are lots of matches and the temptation is to sometimes add a lot of players when filling out a bet slip in the hope of landing a bumper return. However, you should always feel confident that each player will win and note that you don’t get many winning 10-folds. It might be better to trim down the shortlist and give yourself a better chance of a profit.
Consider a Total Games Bet Instead of Match Winner
Remember that you don’t always have to predict the winner of every Australian Open tennis match. It can often be better to consider an alternative two-way betting market in the form of Total Games. This simply means that you bet Over or Under a certain number of games being played. A close five-setter will reward Over backers and a one-sided clash is likely to see Under settled as the winner instead.
Look at Previous Australian Open and Grand Slam Performances
Ultimately, we want to get a feel for the players who are going to perform well over the Australian Open fortnight. It’s worth looking at previous Australian Open tournaments to see who has gone deep in Melbourne before. You can also check out the Grand Slams from the previous year, particularly the US Open - which is played on a similar surface. We want to find the most in-form hardcourt players when betting on the Australian Open.
2023 Australian Open Betting Sites
We have hand-picked the very best 2023 Australian Open bookies online and you can find further information on each bookmaker below. They have been selected due to having competitive tennis odds and a wide range of markets, while some sportsbooks also have Australian Open tennis live streaming available.
bet365
There is so much to like about bet365’s Australian Open tennis betting service. There are always competitive betting odds for each match along with a wide range of markets. Every game is covered In-Play and they also have an Australian Open live streaming service. This means that you can bet on and watch every match live in this tournament, with customers needing to have a funded account to watch the action.
In addition, there is the chance to claim a tennis multi bonus which is added to any multi winnings along the way. Starting with a 5% bonus on top of any winning doubles, you can land 10% extra on a successful treble, 15% when it comes to a winning four-fold and 20% if you manage to secure a five-fold multi win. The maximum bonus you can secure is 70% should you correctly predict a winning 14-fold or bigger.
Bet365 also offer a Tennis Retirement Guarantee where you will get paid out in bet credits if the player you have backed wins due to their opponent retiring. There is also the Tennis Bet Builder service where you can place a same-game multi featuring up to 12 different selections. Cash out is also available and means you can land a return before the market is settled.
Click here to bet on the Australian Open with bet365!
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Established 2015Sign up and discover what BlueBet has to offer
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Established 1997
Check the Unibet Vault to see all your Daily Racing Rewards in one place
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Established 2007
Australia's Best Fixed Odds Bookies
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Ladbrokes
When it comes to betting on Australian Open tennis with Ladbrokes, there are a number of match markets where you can enjoy their cash out service. Look out for the cash out icon and you will be able to revisit those bets and potentially close them out before the end of the match.
Ladbrokes also have a promotion running called Odds Boost and this can be used on every day of the Australian Open. Simply log into your account and pick up a daily Odds Boost token. This can be applied to any tennis betting selection and it means that you can leverage a bigger potential return, whether you are placing a single or multi bet on the action.
Click here to bet on the Australian Open with Ladbrokes!
Australian Open – Five Quick Facts
- Going into the 2022 Australian Open, Novak Djokovic had won nine Australian Open men’s singles titles. The first of these was achieved in 2008, while the controversial Serbian achieved a consecutive hat-trick of victories between 2019-2021. Djokovic was deported on the eve of the 2022 tournament due to not being vaccinated.
- The tournament has been known as the Australian Open since 1969, when Rod Laver triumphed in the men’s singles. It started in 1905 as the Australasian Championships before being renamed to the Australian Championships in 1927.
- Margaret Smith Court has won the most female singles Australian Open titles. The Australian won 11 titles between 1960 and 1973, with seven achieved during the amateur era and four in the professional era.
- Serena Williams is the most successful ladies player in the Open era, having earned seven titles between 2003 and 2017.
- The total prize pot for the 2023 Australian Open is $75 million, with the men’s and women’s singles winners each earning $4.35m - which is a record amount.
Previous Australian Open Winners (Men's Singles)
| Year | Winner |
|---|---|
| 2012 | Novak Djokovic |
| 2013 | Novak Djokovic |
| 2014 | Stan Wawrinka |
| 2015 | Novak Djokovic |
| 2016 | Novak Djokovic |
| 2017 | Roger Federer |
| 2018 | Roger Federer |
| 2019 | Novak Djokovic |
| 2020 | Novak Djokovic |
| 2021 | Novak Djokovic |
Previous Australian Open Winners (Women's Singles)
| Year | Winner |
|---|---|
| 2012 | Victoria Azarenka |
| 2013 | Victoria Azarenka |
| 2014 | Li Na |
| 2015 | Serena Williams |
| 2016 | Angelique Kerber |
| 2017 | Serena Williams |
| 2018 | Caroline Wozniacki |
| 2019 | Naomi Osaka |
| 2020 | Sofia Kenin |
| 2021 | Naomi Osaka |
Our Verdict
What we like about betting on the Australian Open is that you know every player in the field is highly motivated to do well. Grand Slam tennis tournaments are the biggest stages for every competitor and the prize money can be spectacular for the players who reach the latter stages of the tournament. It’s also great to have so many matches from which to choose and there’s the chance to approach them by either betting pre-event or in-play.
We think one of your go-to sites Australian Open betting should be bet365 as a high-quality all-round service is offered here. You can access the live streaming facility to watch Australian Open games through your account and there is also a strong tennis multi bonus.
Ladbrokes allows you to secure a daily boost and that’s a great way of getting more juice in the tennis odds that you select. Remember, it’s always worth comparing Australian Open odds across online sportsbooks to find out who has the standout price.
FAQ
How do you bet on the 2023 Australian Open?
Placing a bet on the Australian Open is a relatively simple process. When you sign up with one of the secure, regulated sites recommended here you will be guided through a sign-up process. Once you have verified your identity and chosen your deposit method, you can fill out an online bet slip by visiting the tennis section of the site, entering your stake, before placing your bet.
What are the best bookies for Australian Open tennis betting?
Some of the big hitters for tennis betting online in Australia are Betfair and Ladbrokes. bet365, meanwhile, has tennis live streaming options where bettors can watch the action unfold live when placing wagers.
Who are the 2023 Australian Open favourites?
Novak Djokovic is the betting favourite according to 2023 Australian Open odds, while Russian star Daniil Medvedev is the second-favourite in the men's singles competition. Naomi Osaka is the early favourite with the lowest odds to win the women's singles.
Who will win the 2023 Australian Open men's singles title?
The oddsmakers at the best online bookies and betting apps reckon Novak Djokovic, Daniil Medvedev, Rafael Nadal, Alexander Zverev and Carlos Alcaraz are five of the players with the best chance of winning the Australian Open men's singles title.
More Australian Open Tips
Contributors
Hi, I'm Dean Ryan
"A passionate sports betting broadcaster and journalist with over 15 years spent in the gambling industry."
- Sports Betting
- Odds Compiling
- Horse Racing
Reviewer since June 2016
